Wealth Management
Spring Planning: Stay on Track to Meet Your Retirement Goals
April 25, 2023
Just as our lives are constantly changing, your vision of your future and your retirement may change as well. As you begin planning for your retirement or as you start to think about the legacy you would like to pass on to your loved ones, you may realize that your initial intentions have shifted over time. Like all of your other assets, your life insurance and/or annuity policies should be periodically reviewed. Spring is a great time to refresh these policies to ensure that they are up to date with your financial and lifetime intentions.
Consider the following as you begin your review:
For an Annuity:
Are the assets within your current annuity policy performing as expected?
Is the policy structured properly to address your needs?
Will you be able to pass on a portion of your assets to your loved ones, while providing income for yourself in your own retirement years?
Will your needs change in retirement, and if so will you have the income to fulfill them?
For Life Insurance:
Are your policies structured properly to address your needs?
Does your life insurance reflect your financial and lifetime goals?
If you have married since your last policy review or have had a child or children, is your family covered appropriately?
Have you had a change in your lifestyle such as quitting smoking, or lost weight?
Beneficial changes can lower your premiums or qualify you for different types of policies.
Are there other needs and/or beneficiaries that were not previously considered?
Taking the time for a spring refresh with your financial and lifetime documents can provide you the confidence that whatever life may throw your way, you and your family will be taken care of.
DISCLOSURE
The information contained herein is general in nature, has been obtained from various sources believed to be reliable and is subject to changes in the Internal Revenue Code, as well as other areas of law.
This material is for informational purposes only and should not be construed as a solicitation of any particular insurance product or insurance carrier. Insurance is sold through Oppenheimer Life Agency, Ltd. (OLA), an indirect wholly owned subsidiary of Oppenheimer Holdings. Before purchasing a policy of insurance, please review both the insurance carrier and the insurance policy carefully before investing.
A strategic alliance exists between OLA and various outside providers whereby products and services may be utilized. Such providers may receive compensation as a result of the strategic alliance. However, the firms are completely independent of each other.
This material is not a recommendation as defined in Regulation Best Interest adopted by the Securities and Exchange Commission. It is provided to you after you have received Form CRS, Regulation Best Interest disclosure and other materials.
Oppenheimer & Co. Inc. Transacts Business on all Principal Exchanges and Member SIPC 5641997.1